Seller’s Debt definition

Seller’s Debt as used herein shall not include Seller’s obligations under this Agreement or the lease of the Site (provided, such Site lease does not constitute an obligation of Seller described in clause (v) of the first sentence of this definition).

Seller’s Debt means, without duplication, each of the following:

Seller’s Debt means, without duplication, each of the following: (i) all indebtedness of Seller for borrowed money; (ii) all obligations of Seller for the deferred purchase price of property or service, which purchase price is due more than six (6) months after the date of placing such property in service or taking delivery or title thereto or the completion of such services (other than trade payables not overdue by more than ninety (90) days incurred in the ordinary course of Seller’s business); (iii) all obligations of Seller evidenced by notes, bonds, debentures, disqualified stock or other similar instruments; (iv) all obligations of Seller created or arising under any conditional sale or other title retention agreement with respect to property acquired by Seller (even though the rights and remedies of the seller or lender under such agreement in the event of default are limited to repossession or sale of such property); (v) all monetary obligations of Seller under (a) a lease of any property (whether real, personal, or mixed) by Seller as lessee that, in conformity with GAAP, is accounted for as a capital lease on the balance sheet of Seller, (b) a so-called synthetic, off-balance sheet or tax retention lease, or (c) an agreement for the use or possession of property creating obligations which do not appear on the balance sheet of Seller but which, upon the insolvency or bankruptcy of Seller, would be characterized as indebtedness of Seller (without regard to accounting treatment); (vi) all obligations, contingent or otherwise, of Seller under acceptance, letter of guaranty, letter of credit or similar facilities; (vii) all obligations of Seller with respect to any redeemable equity interests in Seller, including in the case of preferred stock, at the greater of the voluntary or involuntary liquidation preference plus accrued and unpaid dividends; (viii) all Swap Obligations of Seller; (ix) all indebtedness of others referred to in clauses (i) through (viii) above guaranteed by Seller, or in effect guaranteed by Seller through an agreement (a) to pay or purchase such indebtedness or to advance or supply funds for the payment or purchase of such indebtedness, (b) to purchase, sell or lease (as lessee or lessor) property, or to purchase or sell services, primarily for the purpose of enabling the debtor to make payment of such indebtedness or to assure the holder of such indebtedness against loss; (c) to supply funds to or invest in the debtor (including any agreement...

Examples of Seller’s Debt in a sentence

• In connection with the first Permanent Financing, and in connection with any subsequent Senior Loan, on the date on which any Senior Lender first advances funds under its Senior Loan (not including any date on which a Tax Equity Provider advances funds used to pay another Senior Lender), Seller’s Debt to Equity Ratio shall not exceed nine (9).

• Further, Buyer shall, in exchange for receipt of the Leases, discharge and forgive Seller’s Debt obligation.

• Seller shall not create, incur, issue, assume, guarantee or otherwise become directly or indirectly liable for, contingently or otherwise, any Seller’s Debt, or issue any disqualified stock, in each case, other than Seller’s Debt incurred, issued, assumed or guaranteed, or disqualified stock issued, in connection with the financing or refinancing of the development, construction, ownership or operation of the Project.

• Printer should use the paper as per specifications prescribed and the paper manufactured using Virgin Pulp only should be used.

• With the United Nations Children’s Fund (UNICEF) a Basic Cooperation Agreement (BCA) concluded between the Government and UNICEF on 28th June 1994.

More Definitions of Seller’s Debt

Seller’s Debt means that certain debt owed by certain Sellers to International Bank of Commerce encumbering certain of the Assets, as described more fully in Sellers’ Debt Schedule, attached hereto.

Seller’s Debt means the aggregate amounts owed by the members of the Seller’s Group to the Group Companies as of the Completion Date;

Seller’s Debt means $500,000 in pre-Closing Seller-specific debt payable out of the Cash Merger Consideration at Closing.

Seller’s Debt means all principal, interest, premiums, penalties or other obligations related to (a) all indebtedness of Seller for borrowed money, (b) all obligations of Seller evidenced by notes, bonds, debentures or other similar instruments, (c) all obligations in respect of unfunded pensions, and (d) all accrued but unpaid interest (or interest equivalent) to the date of determination, and all prepayment premiums or penalties payable upon repayment of any items of Seller’s Debt of the type referred to in clauses (a) through (c) above.

Seller’s Debt as used herein shall not include Seller’s obligations under this Agreement and the Lease (provided that such Lease does not constitute an obligation of Seller described in clause e) of the first sentence of this definition).“Seller’s Debt to Equity Ratio” means the ratio of Seller’s Debt to Seller’s Equity.

Seller’s Debt means all Indebtedness owed to the Company or any of its Subsidiaries by any Key Stakeholder.

Seller’s Debt means any Debt of Seller outstanding as of immediately prior to the Closing plus any costs or expenses arising or resulting from the payment of any such Debt prior to the Closing (including any pre-payment fees or penalties).